Prospects for energy markets in Europe in the 2022‑2023 winter. Renewable energy projects financing: PPA vs. Merchant

The year 2022 has been marked by the crisis in gas prices and in the European electricity markets. The increase in demand with the arrival of 2022‑2023 winter suggests that the situation will continue to be complex, in a scenario in which the war between Russia and Ukraine continues without an end in sight.

In this context, the European Union has been taking measures to alleviate the effect of high prices. Some of these measures consist of limiting the prices received by inframarginal energies, among which are solar photovoltaic energy and wind energy. These kind of measures, despite being necessary given the extraordinary current situation, can generate legal uncertainty and slow down the renewable energies development.

The webinar will analyse the evolution of the European energy markets and the outlook for the 2022‑2023 winter. In addition, the current situation and trends in the financing of renewable energy projects will be analysed, comparing PPA with full merchant projects.